BREXIT COUNTDOWN SUGGESTS TRADE GROUPS MUST ‘MOBILISE IN BORDER TOWNS’

30 April 2017 No Comments by The Northern Standard

By PATSY McARDLE

SERIOUS cross-border concerns have surfaced in Border towns in relation to the possible–and uncertain–implications from Brexit for local communities, including social, sporting, and commercial bodies, in the region.

While traders and trade bodies in Co Monaghan are hopeful of minimal repercussions in respect of business links, with hopes also of some firms moving southwards from the North—so that they can retain a base within the EU—there are also some hazy suggestions that the Border region could be turned into a new ‘tax haven’!

Recently, a team of top British civil servants travelled to the Isle of Man to examine its unique taxation laws. The indications were that the British authorities were exploring the possibility of a major ‘softening of tax conditions’ within a radius of the border—a move that could result in the creation of a declared ‘neverbefore- seen’ residential tax-relief area. Business owners in the different towns in Co. Monaghan are however unanimous about the air of uncertainty which …
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